A 47% hike for ONDO’s price? Here are all the signs that say so!

• ONDO’s value evaluation revealed a descending triangle, indicating a consolidation part with decrease highs and a flat assist degree
• Liquidation heatmap indicated that liquidations had been clustered round $1.10 to $1.20

ONDO gained important merchants’ curiosity over the previous few weeks. Actually, market evaluation revealed a possible 47% value hike, with the altcoin nearing a breakout from a descending triangle sample on the value charts.

Chart patterns trace at main breakout forward

That’s not all although as ONDO’s value evaluation highlighted the formation of a descending triangle, indicating a consolidation part with decrease highs and a flat assist degree close to $1.0837. The tightening value vary could be interpreted to suggest {that a} breakout could also be imminent.

Supply: CoinGlass

Nevertheless, the Relative Energy Index (RSI) stood at 34.78, nearing oversold territory. This has traditionally preceded robust reversals for ONDO – An indication that there could also be potential restoration from its prevailing downtrend.

In the meantime, the Aggregated Spot CVD surged, reflecting robust shopping for quantity regardless of the value decline. This divergence between the CVD and the value alluded to accumulation, reinforcing the breakout potential on the charts.

Collectively, these indicators positioned ONDO at a important juncture – With the RSI suggesting a rebound, CVD indicating accumulation, and the descending triangle formation aligning with historic bullish breakouts.

Is ONDO prepared for a rebound?

ONDO’s liquidation heatmap revealed insights into leveraged positions. During the last 24 hours, heavy liquidations gave the impression to be clustered round $1.10 to $1.20 – Hinting on the removing of most leveraged lengthy positions.

Supply: Coinglass

This fall in open leverage has lowered the danger of pressured sell-offs, making a extra secure value surroundings. Moreover, the absence of dense liquidity pockets meant that fewer merchants held high-risk leveraged positions, permitting ONDO’s value to maneuver extra freely.

Therefore, this sample supported the speculation of a breakout. Particularly as lowered draw back danger left room for upward motion on the charts, with restricted promote strain from liquidations.

Institutional confidence grows as capital flows surge

ONDO’s spot influx/outflow information revealed a notable surge in netflows, significantly on 24 February 2025 – A day $40 million in inflows coincided with ONDO’s value hitting $2.33. This sample mirrored previous accumulation phases, the place giant inflows have preceded value recoveries.

Supply: Coinglass

A key issue behind ONDO’s traction has been Pantera Capital’s funding. As a number one crypto funding agency with a $4 billion portfolio, Pantera’s backing of Ondo Finance added legitimacy and institutional confidence. Their involvement is an indication of long-term bullish sentiment, reinforcing ONDO’s real-world asset tokenization mannequin as a development driver.

This mix of robust netflow exercise and institutional backing has strengthened the case for a 47% value hike, aligning with bullish technical indicators.

Sturdy market positioning reduces promoting strain

ONDO’s break-even value evaluation revealed a present value of $1.07, with 80.04% of merchants in revenue and 10.74% in loss. The distribution of break-even ranges confirmed revenue zones beneath $0.50 and loss zones above $1.19 – An indication of restricted promote strain from unrealized losses.

Supply: IntoTheBlock

Additionally, an important takeaway was the low-risk publicity of 9.21% of positions, indicating that ONDO’s market construction favored an upward breakout over a collapse. This pattern echoed the liquidation heatmap, reinforcing the concept ONDO’s value had room for development.

With historic break-even tendencies supporting bullish reversals, merchants can see this as one other affirmation of ONDO’s 47% upside potential.

In conclusion, institutional backing, significantly from Pantera Capital, has additional bolstered confidence in ONDO’s long-term market trajectory. With key indicators aligning for a bullish transfer, merchants ought to anticipate a major upward shift.

Nevertheless, market sentiment and broader macroeconomic situations would in the end decide whether or not ONDO can obtain its projected 47% surge or face one other consolidation part.